Bitcoin climbs to near $72,000 after Treasury Secretary Bessent attempts to calm oil fears
CoinDesk
Bitcoin rose near $72,000 after Treasury Secretary Bessent announced temporary authorization for countries to buy Russian oil.Summary
U.S. Treasury Secretary Scott Bessent announced measures to stabilize energy prices amid fears over surging oil costs, which had pushed WTI crude near $100 per barrel and caused stock market losses. Bessent stated the Treasury is providing temporary authorization allowing countries to purchase Russian oil currently stranded at sea, aiming to increase global supply. He characterized the temporary oil price increase as a short-term disruption that will ultimately benefit the U.S. economy long-term. Following his remarks, Bitcoin jumped to just under $72,000, gaining 2.2% in 24 hours, while WTI crude pulled back about $2 to $95.22 per barrel.
(Source：CoinDesk)